Prepare Trial balance as on 31st December 2019 with following account balances Debtors ` 140000, Creditors ` 98000, Cash ` 28000, Bank ` 41000, Bills receivables ` 12000, Loan from Aditya ` 30000, Patent ` 10000, Drawings ` 9000, Machinery ` 225000, Depreciation ` 16000, Stock on 31st December ` 54000 (adjusted).
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debit balances : credit balances:
debtors creditors
cash bank
bills receivable. depreciation
patent.
drawings
machine
machinery
closing stock will not be included in the trail balance as it is a leftover out of goods purchased during a year which is included in trail balance in purchase
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